We have just been offered a portfolio of tenanted properties in West Lothian- all available for sale seperately at up to 20% below market value. We have also been offered a few below market value properties in Edinburgh. Please contact us for more details.

The first quarter of 2013 saw a new high in remortgaging activity, with more landlords trying to raise enough capital to expand their portfolios and take advantage of higher yields.

Remortgaging accounted for 69% of all buy to let transactions in the last quarter, up from 43% in the last quarter of 2012.

High yields are encouraging many landlords to remortgage.

Another factor creating the increase may be the Funding for Lending Scheme, which is now beginning to improve mortgage availability by encouraging lenders to ease criteria and drop rates.

And on-going demands from Clydsdale Bank, RBS Group and Irish banks for landlords to refinance elsewhere have also contributed to the sharp increase in remortgaging.

Average property values for buy to let transactions increased over the course of the year on residential stock. This is particularly to do with the wider rise in house prices but also because investors are choosing to purchase property in the South East and other more expensive areas The average property values on transactions are over a 30% higher than they were a year ago.

The government’s new Help To Buy scheme is set to boost lending to homebuyers with small deposits could push down interest rates on 95% mortgages to their lowest level since 2008.

The scheme could reduce interest rates for those with only 5% deposit from around 6%- to nearer 4%. In addition there should be far more high loan to value mortgages available.

The scheme is also avalable for home movers and is avalable for properties up to £600,000.

The Bank of England is considering the “extraordinary” idea of negative interest rates as one of a number of radical policies to help return the UK to growth.
Paul Tucker, deputy governor for financial stability, raised the possibility in front of MPs after saying the Bank could be doing more to help the economy, including measures to boost lending to small businesses.
Negative interest rates would mean high street lenders paying the central bank to place their money with it. The move would be intended to encourage more lending to businesses and households. But it could also lead to a reduction in the interest paid on individual savers’ accounts held with high street banks.
The Bank has considered cutting rates from their record low of 0.5pc in the past but decided against doing so for fear of bankrupting a number of smaller building societies. To get round the problem, the Bank is reviewing a possible change to its remit so it can set a separate interest rate specifically for excess deposits placed by financial institutions at the central bank.
This could have dramatic effect on mortgage repayments including the possibility of many people having no interest payments at all.

Typically these are bought from receivers at attractive prices, and unlike traditional development lenders we are able to get involved part way through a project. Funding can be provided to complete the purchase, and with additional security we can also fund the development costs in stages.
We are also able to fund projects where the developer has taken the site as far as he can using his own funds, and needs a final tranche of funding to complete the build.

BM Solutions is reducing rates by 0.15% and increasing cashback on selected products currently available in the 0-75% LTV buy-to-let product range.

From today, the following products will see rates reduced:

– 0-75% LTV, 2 year fixed rate product is reduced by 0.15% to 4.54% with a £995 fee. This product is available with a £500 cashback

– 0-75% LTV, 3 year fixed rate product is reduced by 0.15% to 4.64% with a £995 fee. This product is available with a £790 cashback.